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To: the_devils_advocate_666
So off to the bank to secure the extra funds.

You were better off going to a credit union, where the average 48 month new auto loan is 6.22% APR vs. the banks at 7.57% APR (source).

Some credit unions (example) have new car loan rates as low as 3.50% APR for 36 months.

A near-perfect credit score is irrelevant if you can't find the lowest rate lenders to match.

15 posted on 08/21/2007 1:09:19 PM PDT by rabscuttle385 (Sic Semper Tyrannis * U.Va. Engineering '09 * Friends Don't Let Friends Vote Democrat * Fred in 2008)
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To: rabscuttle385

better way would be to hit dealer incentives. jeep is offering 0% financing.


28 posted on 08/21/2007 1:13:14 PM PDT by absolootezer0 (stop repeat offenders- don't re-elect them!)
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To: rabscuttle385

Agreed, I need to get involved with a credit union. I did get 6.7% and didn’t worry too much because I plan to have the loan paid off in a matter of months, not years.


29 posted on 08/21/2007 1:13:31 PM PDT by the_devils_advocate_666
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To: rabscuttle385

When you finance a new car, wait till it’s six months old and refinance as a used car. Less interest rates.


96 posted on 08/21/2007 1:34:41 PM PDT by RC2
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